Showing 1 - 10 of 34
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10013021278
We show that the core of each strongly size monotonic hedonic game is not empty and is externally stable. This is in … sharp contrast to other sufficient conditions for core non-emptiness which do not even guarantee the existence of a stable …
Persistent link: https://www.econbiz.de/10014179795
either core stability or strict core stability is under consideration, the existence problem of a stable coalition structure …
Persistent link: https://www.econbiz.de/10014211874
We adopt the notion of von Neumann-Morgenstern farsightedly stable sets to predict which matchings are possibly stable when agents are farsighted in one-to-one matching problems. We provide the characterization of von Neumann-Morgenstern farsightedly stable sets: a set of matchings is a von...
Persistent link: https://www.econbiz.de/10014219020
This paper first establishes a new core theorem using the concept of generated payoffs: the TU (transferable utility …) core is empty if and only if the maximum of generated payoffs (mgp) is greater than the grand coalition's payoff v(N), or … split the payoff, what coalitions to form, and how long each of the coalitions will be formed by rational players in …
Persistent link: https://www.econbiz.de/10014219135
sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10014157261
solution, we induce players' preferences over coalitions in a hedonic game, and present conditions under which the semistrict … core of the game is nonempty …
Persistent link: https://www.econbiz.de/10014058110
structure core (Kóczy, 2007) is a generalisation of the coalition structure core for such games. We introduce a noncooperative …, sequential coalition formation model and show that the set of equilibrium outcomes coincides with the recursive core. In order to …
Persistent link: https://www.econbiz.de/10013153794
the existence problems of stable coalition tructures. In particular, we show that contractual strictly core stable …
Persistent link: https://www.econbiz.de/10014059980
This paper analyzes social group formation when agents are subject to peer effects within groups increasing human capital and instantaneous utility. When agents are heterogeneous on two dimensions, ability and social skills, and monetary payments are not feasible the model predicts segregation...
Persistent link: https://www.econbiz.de/10014058086